In The News

San Diego Man Says He Experienced ‘Banking While Black’ In Local Bank of America Branch

From KPBS:

...Regardless of what might be considered standard industry practice, advocates say accusing a Black customer of stealing without evidence and even pretending to call the police could be racist.

From Berkshire Hathaway to Silicon Valley, little to show for diversity pledges, critics say

From CBS News:

"As bank workers and Wells Fargo shareholders, we don't want empty promises," Ted Laurel, an account resolution specialist in San Antonio, Texas, who is Mexican-American, said in a news conference last week organized by the Committee for Better Banks (CBB), a coalition of bank workers, consumer and labor groups.

The Push to Diversify Banking from Within the Industry

From ABC news:

The racial reckoning in America calling for diversity has touched every industry including banking.

According to a report from the Committee for Better Banks -- a bank workers' advocacy group -- Black and Latino employees have a significantly smaller chance of holding an executive position in corporate banks in comparison to their white counterparts.

'Racial bias runs deep' at America's largest banks, study says

From CNN:

New York (CNN Business)The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation's largest financial institutions.

Banks stand to make billions from the pandemic. How can that filter down to everyday Americans?

From Fortune Magazine:

At first glance, the economic fallout from the COVID-19 pandemic mirrors the one following the subprime mortgage crisis that came to a head in 2008. 

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